Pune, India -- (SBWIRE) -- 04/19/2018 -- Demand for smartphones has increased due to its versatility and everyday use. It is also easy to implement augmented reality software applications on smartphones and visualize digital information in 3D in the real world. Users can also easily connect to these digital images using a device camera to enhance their experience. These factors will stimulate growth of the augmented reality market for smartphones. The main reasons for the growth of mobile augmented reality technology are increasing use of smartphones and tablets, the adoption of advanced technology and the implementation of software applications in mobile computing. The use of Augmented Reality applications in smartphones, tablets, smart eyewear and other devices has expanded the reach of the mobile augmented reality market in many areas.

Global Augmented Reality Market projected to grow at CAGR of +78% from 2018 to 2023

The Global Augmented Reality market report is a comprehensive overview of the market covering various aspects such as product definition, various parameter-based segmentation, distribution channels, supply chain analysis, and common vendor environments. Through proven research methods, we collect thorough information that identifies the source. Augmented Reality Information about the market can be accessed in a logical format in a smart format. There are graphs and tables in place to help readers get a better view of the global Augmented Reality market.

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Companies Profiled in this report includes: SAMSUNG, MICROSOFT, GOOGLE, FaceBook, Carl Zeiss, Baofeng, Sony, Razer, HTC

Augmented Reality offers many technical solutions to the retail industry that improve the interaction between retailers and customers. New trends like pop-up stores in the retail sector are expected to drive growth. Gesture-based technologies, along with cameras and iPad catalogs, play an important role in promoting customer engagement in pop-up stores. Retailers who want to enter the online shopping industry also see that there is a lack of interaction with physical products as barriers to purchasing. AR provides a virtual exam room where customers can try out their products online. Therefore, technological innovations related to advanced products with enhanced functionality are expected to provide rich opportunities during the forecast period.

Mobile devices will primarily consider software and content revenues and will target consumers more effectively than costly dedicated Augmented Reality devices such as smart glasses. the high-end goals of the industry, such as healthcare and industry, so you can see higher hardware revenues. However, a budget-conscious consumer crowd will prefer the inexpensive mobile AR experience in a similar way to a mobile virtual reality device.

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Based on geographical areas, the world Augmented Reality markets are broadly divided into Latin America, Europe, the Middle East and Africa and Asia Pacific. The world market is still in exploration in most areas, but it has the promising potential to grow steadily over the next few years. The major players investing in this market are in Canada, the United Kingdom, the United States, India, China and some Asia Pacific countries. As a result, Asia Pacific, North America and Western Europe are expected to account for more than half of the total market share over the next few years.

At the end of the report, a manufacturer is announced who is responsible for increasing sales in the Augmented Reality market. These manufacturers have been analyzed in terms of manufacturing base, basic information and competitors. In addition, the technology and product types introduced by each manufacturer are also an important part of this section of the report.

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